In one of our discussions, we noted a statement made by the renowned global consulting firm; McKenzie Consulting Group that “in order to gain and sustain competitive advantage, an organization should at least possess three core competencies which will form the foundation upon which successful strategies are developed”.
Required
a. Briefly describe what capabilities and core-competencies are?
b. Choose a Ghanaian firm or Global firm operating in Ghana and identify any five tangible resources /capabilities and five intangible resource/capabilities
c. Take each one of the above named tangible and intangible resource/capability and match each against the VRIN framework, clearly justify why any of the named tangible and intangible resource/capability qualifies to be a core competency?
Based on the outcome of your analysis above would you say the organization has adequate internal core competencies to support the attainment of a sustainable competitive advantage? Clearly state the strategic options that the organization has based on the outcome of your analysis.